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Axis Bank Ltd
NSE: AXISBANK BSE: 532215 INE238A01034 Financial Services Bank 🔎 Screen
NIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY Bank Fin. Services
₹395,126 Cr
Market Cap
1.86
P/B
3.73%
NIM
13.2%
ROE
1.23%
GNPA
Fin. Margin
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Incorporated in December 1993, Axis Bank Limited is a private sector bank.It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City.

✓ Strengths 2
  • Company has delivered good profit growth of 29.6% CAGR over last 5 years
  • Company's working capital requirements have reduced from 73.9 days to 43.9 days
! Concerns 5
  • Company has low interest coverage ratio.
  • Promoter holding is low: 8.14%
  • Contingent liabilities of Rs.29,55,132 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.29,674 Cr.
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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Mixed quarter: PAT up 9% QoQ but NIM compressed to 3.62%, core operating profit flat; one-time tax benefit and additional provisions offset, underlying trends mixed. quarter Investor Presentation One-Pager? Mar 2026
Revenue (NII)
₹14,457 Cr
+5% YoY, +1% QoQ
Cost-to-Assets
2.28%
-18bps YoY, -5bps QoQ
PAT (Standalone)
₹7,071 Cr
+9% QoQ (YoY not given)
NIM
3.62%
-29bps YoY (full-year), -? QoQ
What Went Right
  • Total advances grew 19% YoY and 6% QoQ; wholesale banking up 38% YoY with 91% rated A- and above
  • CASA ratio improved 48bps QoQ to 37%; cost of deposits declined 46bps YoY and 4bps QoQ
  • Gross NPA declined 17bps QoQ to 1.23%, net credit cost down 39bps QoQ to 0.37%
  • Retail disbursements up 24% YoY and 19% QoQ; home loans +28% YoY
  • Technology and digital spend up 14% YoY; workforce declined 3% YoY while adding 400 branches
What to Watch
  • NIM contracted to 3.62% from 3.69% (FY26), with full impact of 25bps rate cut yet to be absorbed on MCLR book
  • Retail and CBG loan mix declined to 67% from 71.7% YoY, despite $24$% disbursement growth, due to conscious NII optimization
  • Trading and other income turned negative at ₹-538 Cr due to MTM losses on government securities and bonds
  • One-time additional standard asset provision of ₹2,001 Cr created for geopolitical risk, indicating management's cautious outlook
  • Fee income growth was muted at 4% YoY (retail fee +2% YoY), trailing loan growth
Management Guidance
  • Through-cycle NIM target of 3.80%, to be achieved 15-18 months from transmission of last rate cut
  • Aspirational consolidated ROE of 18% (currently 15.15% for Q4FY26)
  • Management reiterated no need for equity capital for growth or protection; CET-1 at 14.38%
Investor Lens
Thesis remains intact but near-term headwinds are real. NIM pressure from rate cuts and wholesale-heavy asset mix is offsetting strong volume growth. The 19% YoY loan growth is impressive but quality is preserved (91% wholesale book at A- and above). The surprise ₹2,001 Cr macro provision signals management's prudence and adds a 53bps capital buffer. Investors should track the retail loan mix rebalancing over the next 3 years to see if NIM can revert to 3.80%. Also monitor West Asia impact on credit costs—the provision is there to absorb stress. Fee growth needs to accelerate to support operating leverage. Overall, a solid franchise with conservative risk management, but near-term earnings momentum is subdued.
From investor presentation · AI-generated analysis · Not investment advice
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📉 WEAK Net profit rises 1.8% but financing margin plunges from 7% to 1%.
Revenue
Revenue stood at ₹34,171 Cr, growing 5.3% year-on-year but only 1.4% sequentially. The modest topline growth reflects subdued core income expansion.
Profitability
Net profit increased 1.8% YoY to ₹7,642 Cr, aided by a negative tax provision of -5%. EPS was ₹24.46 against ₹24.13 last year, while ROE stood at 13.2%.
Margins
Financing margin collapsed sharply to 1% from 7% a year ago and 6% in the prior quarter, indicating severe NIM compression. This remains the biggest concern for profitability.
Cash Flow
Skip — not applicable for banking/financial companies.
Balance Sheet
Reserves stood at ₹212,957 Cr and total assets at ₹19,46,050 Cr. No details on deposits or advances were provided, limiting balance sheet assessment.
Key Risks
Key risks include sharp NIM compression impacting core profitability, potential asset quality deterioration given elevated margins pressure, and regulatory changes affecting lending spreads.
Outlook
The financing margin decline needs monitoring; if sustained, it could weigh on future earnings. Loan growth and cost management will be critical for recovery.
Generated by AI · Mar 2026 results · Not investment advice
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Revenue by Segment

Segment Q3FY26 Q4FY26 Trend
Corporate/Wholesale Banking
13,535
13,718
Other Banking Business
1,505
1,936
Retail Banking - Digital Banking
10,144
10,303
Retail Banking - Others
27,800
27,775
Treasury
8,281
7,762
Total 61,266 61,493

Source: NSE Integrated Filing XBRL (Reg. 33 Ind AS). Values in ₹ Crore.

🏦 Banking KPIs

NIM, GNPA, CASA, CAR, ROA, ROE and more — extracted from investor presentations
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💼 Management Guidance

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